The Fund seeks to provide a steady flow of income by investing primarily in Canadian government and corporate fixed-income instruments and asset-backed securities with maturities of more than one year.
Is this fund right for you?
- You want to protect your money from inflation while also protecting it from large swings in the market.
- You want to invest in government and corporate bonds, as well as other debt securities issued in Canada and around the world.
- You're comfortable with a low level of risk.
Risk Rating
How is the fund invested?
(as of June 30, 2022)
Asset allocation (%)
|
Name |
Percent |
|
Domestic Bonds |
75.8 |
|
Foreign Bonds |
18.5 |
|
Cash and Equivalents |
5.1 |
|
Canadian Equity |
0.3 |
|
Other |
0.3 |
Geographic allocation (%)
|
Name |
Percent |
|
Canada |
81.5 |
|
United States |
13.4 |
|
Multi-National |
2.3 |
|
Other |
2.8 |
Sector allocation (%)
|
Name |
Percent |
|
Fixed Income |
94.3 |
|
Cash and Cash Equivalent |
5.1 |
|
Exchange Traded Fund |
0.4 |
|
Financial Services |
0.2 |
Growth of $10,000
(since inception)
Data not available based on date of inception
Fund details
(as of June 30, 2022)
| Top holdings |
% |
| Canada Government 1.50% 01-Dec-2031 |
8.1 |
| Canada Government 1.50% 01-Jun-2031 |
5.3 |
| Cash and Cash Equivalents |
4.8 |
| United States Treasury 2.25% 15-Feb-2052 |
2.4 |
| Canada Housing Trust No 1 2.24% 15-Mar-2026 |
2.3 |
| Alberta Province 3.10% 01-Jun-2050 |
2.3 |
| Ontario Province 2.55% 02-Dec-2052 |
2.2 |
| Mackenzie Emerging Markets Lo Cu Bon Ix ETF (QEBL) |
1.9 |
| United States Treasury 2.38% 15-Feb-2042 |
1.9 |
| United States Treasury 1.88% 15-Nov-2051 |
1.7 |
| Total allocation in top holdings |
32.9 |
| Portfolio characteristics |
|
| Standard deviation |
5.6% |
| Yield to maturity |
4.3% |
| Duration (years) |
8.5 |
| Coupon |
2.7% |
| Average credit rating |
AA- |
Understanding returns
Annual compound returns (%)
| 1 MO |
3 MO |
YTD |
1 YR |
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| 3 YR |
5 YR |
10 YR |
INCEPTION |
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Calendar year returns (%)
|
2021 |
2020 |
2019 |
2018 |
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|
2017 |
2016 |
2015 |
2014 |
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Range of returns over five years
| Best return |
Best period end date |
Worst return |
Worst period end date |
|
Data not available based on date of inception
|
| Average return |
% of periods with positive returns |
Number of positive periods |
Number of negative periods |
|
Data not available based on date of inception
|